A Data Warehouse Is a Low-Cost, Scaled-Down Version of a Data

question 4

True/False

A data warehouse is a low-cost, scaled-down version of a data mart designed for the end-user needs in a department in a large organization.

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Definitions:

Raw Materials Quantity Variance

The difference between the actual quantity of raw materials used in production and the estimated quantity expected to be used, measured in terms of cost.

Direct Materials Purchases Variance

This measures the difference between the actual cost of direct materials purchased and the expected (or standard) cost of those materials.

Actual Results

The real outcomes or data achieved, as opposed to forecasts or projections.

Materials Price Variance

The difference between the actual cost of materials and the expected (standard) cost, used for budgeting and cost control.